In the first volume of his history of the Federal Reserve System, Allan Meltzer titled one of his chapters "Under Treasury Control, 1942-1951 Source: Allan H. Meltzer, A History of the Federal Reserve, Volume I: 1913-1951, Chicago: University of Chicago Press, 2003, Ch. 7. Which of the following statements are true and help explain why Meltzer considered the Fed to have been under Treasury control during those years (Select all that apply) A. The Treasury encouraged the Fed to actively buy bonds that private investors would not B. Treasury exerted more control over the Fed during this period to help finance World War II C. The Treasury did not agree with the Fed's decision to fix interest rates during this period D. The Treasury wanted the rate on government securities to be held at a low level.

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